The European Equity Fund, Inc. (NYSE:EEA) Short Interest Update

The European Equity Fund, Inc. (NYSE:EEA) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 2,900 shares, an increase of 2,800.0% from the October 15th total of 100 shares. Based on an average trading volume of 7,200 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On The European Equity Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Logan Stone Capital LLC purchased a new stake in shares of The European Equity Fund in the 2nd quarter valued at approximately $117,000. Wolverine Asset Management LLC lifted its holdings in shares of The European Equity Fund by 55.8% in the 2nd quarter. Wolverine Asset Management LLC now owns 32,733 shares of the financial services provider’s stock worth $294,000 after acquiring an additional 11,723 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of The European Equity Fund by 1.6% in the 1st quarter. Lazard Asset Management LLC now owns 192,009 shares of the financial services provider’s stock worth $1,710,000 after acquiring an additional 3,098 shares during the last quarter. Shaker Financial Services LLC lifted its holdings in The European Equity Fund by 4.0% during the 2nd quarter. Shaker Financial Services LLC now owns 375,603 shares of the financial services provider’s stock worth $3,374,000 after buying an additional 14,576 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in The European Equity Fund by 2.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 696,458 shares of the financial services provider’s stock worth $6,255,000 after buying an additional 13,335 shares in the last quarter. 51.94% of the stock is owned by hedge funds and other institutional investors.

The European Equity Fund Trading Down 1.5 %

Shares of NYSE:EEA traded down $0.13 during midday trading on Tuesday, hitting $8.58. The company had a trading volume of 1,121 shares, compared to its average volume of 8,467. The European Equity Fund has a 12-month low of $7.92 and a 12-month high of $9.47. The company has a fifty day moving average of $9.07 and a two-hundred day moving average of $9.06.

The European Equity Fund Company Profile

The European Equity Fund, Inc is a closed ended equity mutual fund launched by Deutsche Investment Management Americas Inc The fund is managed by Deutsche Asset Management International GmbH. It invests in the public equity markets of Europe. The fund seeks to invest in the stocks of companies operating across diversified sectors.